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tdfoss

the income should be roc, but was reported as income

baldietax

for any fund the company that manages it will release a year-end tax supplement which provides the official % of US Gov Obligations to multiply the dividends from that fund in your Box 1a. See here ...

for any fund the company that manages it will release a year-end tax supplement which provides the official % of US Gov Obligations to multiply the dividends from that fund in your Box 1a. See here for iShares - TLT is 99.64% https://www.ishares.com/us/literature/tax-information/2025-ishares-us-government-source-income-information-stamped.pdf

mesquitebean

@randyrameygolf Or you may be able to get help in this forum for free if you provide the rejection error code or message. Did you receive an email with the rejection error code/message? Or you m...

@randyrameygolf Or you may be able to get help in this forum for free if you provide the rejection error code or message. Did you receive an email with the rejection error code/message? Or you may be able to find it by going to your Tax Home page and clicking on a Fix My Return link.

darndtjr

The only way I was able to find that page was with the help of Claude. One thing worth noting is that I have been using TurboTax for over 10 years, and I have been entering estimated taxes for over 4...

The only way I was able to find that page was with the help of Claude. One thing worth noting is that I have been using TurboTax for over 10 years, and I have been entering estimated taxes for over 4 years, so I am very familiar with the process. Something is definitely broken. In the left menu column click Tax Tools Click Tools In the Tools Center click Topic Search Type "estimated tax payments" and click GO On the next screen you'll see Estimated Tax Payments with separate options for Federal and State — click Start next to State estimated taxes for 2025

CesarJ

To report your 1099-MISC income as passive investment income (not self-employed) in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Find the 1099-MISC section under O...

To report your 1099-MISC income as passive investment income (not self-employed) in TurboTax Online, follow these steps: 1. Go to the Wages & Income section. 2. Find the 1099-MISC section under Other Common Income and select Start or Revisit next to it. 3. Enter your 1099-MISC details exactly from your form. 4. On the Source of 1099-MISC Income screen, select Nonbusiness income (for example, rent or other passive investment income). 5. Answer the following questions indicating it is not related to work or self-employment. This will classify the income as Other Income, separate from self-employment income, and avoid self-employment tax. If you already entered it as self-employed income, you can edit that 1099-MISC entry to change its classification to nonbusiness income following these steps.

CesarJ

If your LLCs are single-member LLCs treated as sole proprietorships, each LLC's income and expenses are reported on separate Schedule C forms attached to your individual Form 1040. TurboTax allows...

If your LLCs are single-member LLCs treated as sole proprietorships, each LLC's income and expenses are reported on separate Schedule C forms attached to your individual Form 1040. TurboTax allows you to enter and file multiple Schedule C forms for different LLCs in your federal return without issues. However, California requires LLCs to file Form 568 separately for each LLC. TurboTax may limit e-filing to one California LLC return at a time, so you might e-file one LLC’s Form 568 through TurboTax and need to file the other LLC’s Form 568 separately, possibly by mail. This limitation affects state e-filing, not federal Schedule C filing where multiple Schedule C forms can be included in one tax return.

skanouse

I am using the online version. I have gone through the HSA portion of the questionnaire multiple times. indeed, I have gone through the entire deductions section three or four times. I have sear...

I am using the online version. I have gone through the HSA portion of the questionnaire multiple times. indeed, I have gone through the entire deductions section three or four times. I have searched for HSA and manually changed things. This question about whether Box 12 included employer/employee contributions has never re-appeared. I never said the W2 was incorrect. I said that the question about Box 12 did not provide enough context for folks to answer it correctly. I am pretty savvy about this stuff and I did not answer it correctly because it did not specify that it was asking about whether the contributions were pre- or post-tax. The reason this question trips people up is because it is poorly phrased and misleading.

AnnetteB6

You can print or print preview any of the forms and worksheets included in your return using TurboTax Online, but only after your TurboTax fee has been paid. Then, use the instructions in the...

You can print or print preview any of the forms and worksheets included in your return using TurboTax Online, but only after your TurboTax fee has been paid. Then, use the instructions in the TurboTax help article below for instructions. As you go through the printing options, you may need to select the option for 'all forms and worksheets' to see everything that is included. Or there is an option to choose a specific form, such as Form 8606. Seeing the message about not being able to deduct your IRA contribution is a good sign that Form 8606 will be included with your return. Can I print a copy of my return in TurboTax Online before I file it?

CesarJ

Sí. Para enmendar su declaración de impuestos federales en TurboTax Online, siga estos pasos: 1. Vaya a Inicio de Impuestos (Tax Home). 2. Desplácese hacia abajo hasta Sus declaraciones y d...

Sí. Para enmendar su declaración de impuestos federales en TurboTax Online, siga estos pasos: 1. Vaya a Inicio de Impuestos (Tax Home). 2. Desplácese hacia abajo hasta Sus declaraciones y documentos de impuestos (Your tax returns & documents) y seleccione el año fiscal que desea enmendar. 3. Seleccione el menú desplegable Enmendar (cambiar) declaración (Amend (change) return) y luego elija Enmendar usando TurboTax Online. 4. Siga las pantallas, realice sus cambios y complete el proceso. Si enmienda la declaración federal, los cambios se aplicarán automáticamente a su declaración estatal. Para enmendar solo su declaración estatal, puede seleccionar esa opción durante el proceso de enmienda. Recuerde cambiar solo las partes necesarias de su declaración. TurboTax lo guiará a través del resto.

JamesG1

Oregon filing requirements may be found here. Oregon Income Tax Form OR-40 Instructions, page 6, here, states: You need to file an Oregon income tax return if your gross income is more th...

Oregon filing requirements may be found here. Oregon Income Tax Form OR-40 Instructions, page 6, here, states: You need to file an Oregon income tax return if your gross income is more than the amount shown below for your filing status, or if you're required to file a federal return. Single with 0 dependents is $7,935.

jgmarcus

No. 00s and 999s didn’t work i tried all 2s and that was accepted by the program. will that get me red flagged by irs?

TexiRican

I will use fictional round numbers for ease in this scenario to ask my question. I purchased a beach condo in 1996 for $100K. I turned it into a short-term vacation rental in 2024, when its FMV ...

I will use fictional round numbers for ease in this scenario to ask my question. I purchased a beach condo in 1996 for $100K. I turned it into a short-term vacation rental in 2024, when its FMV was $200K. So, when I used TurboTax for my 2024 taxes I used $100K as my basis, because it is the lesser of the two values. Since the property was purchased, major improvements have been made BEFORE it was turned into a rental. In 2003, new windows were put in for $5,000. In 2013, a new kitchen for $10,000. My question is, do I add those capital improvements to the cost basis as depreciable assets, even though those investments were made before the property was converted into a rental? So, for example, the current asset summary lists the condo at $100K, and a new HVAC unit installed in 2024 at $3K, being depreciated annually according to their respective MACRS. Would I add the kitchen reno and the window replacement so my list would look like this?: -- 1996 Condo $100,000 -- 2024 HVAC $3,000 -- 2013 Kitchen Renovation $10,000 -- 2003 Window Replacement $5,000 Or do I NOT get to depreciate those improvements because they were made before the rental property was put in service?

JohnB5677

TurboTax can prepare your return for you with the Full Service preparation option. Please refer to the website How much does Full Service cost?

CesarJ

Si no puede avanzar al intentar firmar su declaración en TurboTax Online, intente estos pasos: 1. Complete todos los campos obligatorios: verifique que haya respondido todas las preguntas, es...

Si no puede avanzar al intentar firmar su declaración en TurboTax Online, intente estos pasos: 1. Complete todos los campos obligatorios: verifique que haya respondido todas las preguntas, especialmente las secciones de información personal, W-2 e ingresos. 2. Revise los mensajes de error: busque alertas o mensajes en la pantalla; TurboTax suele señalar la información faltante o incorrecta. 3. Borre el caché del navegador: a veces los datos antiguos causan problemas; borre el caché y las cookies de su navegador. 4. Pruebe con un navegador diferente o en modo incógnito: esto puede ayudar si las extensiones o la configuración del navegador bloquean el progreso. 5. Asegúrese de que su navegador esté actualizado: un navegador desactualizado podría causar problemas de compatibilidad. Seguir estos pasos a menudo resuelve los bloqueos de firma y envío.

skelly11

Sue2843 While he can wait until the following year after turning 73, it places a large burden on the following year since you have to take out enough to cover both years, so it really ups your taxab...

Sue2843 While he can wait until the following year after turning 73, it places a large burden on the following year since you have to take out enough to cover both years, so it really ups your taxable income and makes more social security taxable, and increases your Medicare premiums. If you defer you must take your first RMD by 4/1 the year after you turn 73 and your second RMD by 12/31 of the same year. If your brokerage calculated your distribution for you and then made sure it was disbursed to you then you should list that RMD amount as your 12/31 RMD, which will remove the need for two in the first full year.

LaShaunA3

I assume you are referring to where to enter estimated tax payments made to the state. To enter your State estimated tax payments, go to estimated tax payments under Deductions & Credits. Click on s...

I assume you are referring to where to enter estimated tax payments made to the state. To enter your State estimated tax payments, go to estimated tax payments under Deductions & Credits. Click on state estimated taxes for 2025. Here you can enter the payments you made to the state.

JohnB5677

We need more information so we can clarify the situation. Did you go back through My Info to see what you posted? Is Ariel a relative? Where'd she live and for how long? How old is she?...

We need more information so we can clarify the situation. Did you go back through My Info to see what you posted? Is Ariel a relative? Where'd she live and for how long? How old is she? Did she earn any income? Did you provide over half of her expenses? The IRS General Rules for dependents See the full rules for a qualifying child

LaShaunA3

Please contact our customer service for assistance. How do I contact TurboTax?

LaShaunA3

You can connect with a TurboTax Live expert directly from your return. Go into the tax return. 1. Select Expert Help 2. Connect with Expert Help in the chat window to start a live session. ...

You can connect with a TurboTax Live expert directly from your return. Go into the tax return. 1. Select Expert Help 2. Connect with Expert Help in the chat window to start a live session. You’ll have the option to share your screen so the expert can review everything with you in real time. If you’re using the mobile app, you can access Expert Help there as well. TurboTax Online Live Assisted Review TurboTax Desktop Live Tax Advice

JohnB5677

I have always adhered to the process stated above, and have had success. However: I ‌agree with @dmertz that the IRS is probably not going to evaluate the 8606 on the current tax return. I ...

I have always adhered to the process stated above, and have had success. However: I ‌agree with @dmertz that the IRS is probably not going to evaluate the 8606 on the current tax return. I have no idea how long the IRS maintains records. I'm sure it's in excess of 10 years However, unless it's an extreme circumstance I don't think they would go back that far. @BTRR

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i received a 1099misc, with line 8 filled in. However, this is actually not taxable, what do i do?

Re: does SHARES 20 YEAR TREASURY BOND ETF count as government interest"?

Re: i need an expert to see why i am being rejected

Re: I need to enter Estimated Tax payments made for state. Where can this be done?

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Re: I have two LLCs, Turbotax says it can file only 1 LLC for california. Will it e-file one and ...

Re: HSA contribution double-entry

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Re: Entering info on K-1, no EIN

Capturing improvements to Personal Residential Property turned into a short term rental

Re: can someone file my 2024 taxes for me

Re: Tengo problemas para firmar, me pide ingresar el nombre cvompleto pero no me deja avanzar des...

Re: RMD taken correctly, but penalty assessed

Re: Where does state taxes go on federal form? Please help thanks!

Re: Why can't I claim Ariel as a dependent? Why are my taxes rejected

Re: After sending a lot of time on my taxes at the end it had an old credit card and would not le...

Re: i need an expert to see why i am being rejected

Re: What's the best sequence? Timing?

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